Lithium Corporation Receives San Emidio Analytical Results
Lithium Corporation (OTCBB: LTUM) (the 'Company', or 'Lithco?) is
pleased to announce that it has received results from its drilling
program on the San Emidio playa prospect in Washoe County, Nevada.
The shallow drilling at San Emidio has indicated that lithium in brine
mineralization does exist here at depths down to at least 87 feet in the
general area where near surface brines were discovered in 2011 that
contained up to 80 mg/L lithium. The last two holes of this years
program along the axis of the North Westerly trending lithium anomaly
outlined during the 2011 program returned, 21.4, and 23.7 mg/L lithium,
with high calcium, and potassium values, and moderate boron and
magnesium values. Lithium values and temperature were seen to be rising
in these last two of the fence of drill holes that were drilled here,
and possibly indicate that values may increase northward, and also
perhaps at depth here.
Lithium Corporation intends to focus its efforts this year on its Fish
Lake Valley Playa prospect, where the Company has received its best
results to date. Lithium Corporation has not been able to drill this
prospect the last two field seasons due to unusually wet conditions, and
so wants ensure that it does everything possible to advance this
prospect in 2012. Recent research for a 43-101 report on the property
currently being written by James Chapman PGeo has uncovered a reference
that indicates that the property produced two tons per day of Boron
salts in the 1870′s from the area where the Company has outlined a zone
of strongly anomalous Lithium/Boron/Potassium in brine mineralization
(Papke, K.G., Evaporites And Brines In Nevada Playas, 1976). The company
finds it quite encouraging that production of this magnitude was
achieved here, and interprets this to indicate that the basin should be
able to support an operation of at least this size in the future.
For further information please contact Samantha White at (888) 299-3989
or via email at info@lithiumcorporation.com
About Lithium Corporation
Lithium Corporation is an exploration company based in Nevada devoted to
the exploration for new lithium resources within the state of Nevada.
The Company explores and develops potentially economic lithium-enriched
brine fields, with an eye to becoming a long-term producer of this
increasingly strategic and economically important commodity.
Notice Regarding Forward-Looking Statements
This current report contains 'forward-looking statements,' as that term
is defined in Section 27A of the United States Securities Act of 1933
and Section 21E of the Securities Exchange Act of 1934. Statements in
this press release which are not purely historical are forward-looking
statements and include any statements regarding beliefs, plans,
expectations or intentions regarding the future, including but not
limited to, any mineralization, exploration and development of our
mineral properties, specifically in regards to any future drilling
programs.
Actual results could differ from those projected in any forward-looking
statements due to numerous factors. Such factors include, among others,
the inherent uncertainties associated with mineral exploration and
difficulties associated with obtaining financing on acceptable terms. We
are not in control of minerals prices and these could vary to make
development uneconomic. These forward-looking statements are made as of
the date of this news release, and we assume no obligation to update the
forward-looking statements, or to update the reasons why actual results
could differ from those projected in the forward-looking statements.
Although we believe that the beliefs, plans, expectations and intentions
contained in this press release are reasonable, there can be no
assurance that such beliefs, plans, expectations or intentions will
prove to be accurate. Investors should consult all of the information
set forth herein and should also refer to the risk factors disclosure
outlined in our most recent annual report for our last fiscal year, our
quarterly reports, and other periodic reports filed from time-to-time
with the Securities and Exchange Commission.
Lithium Corporation
Samantha White, 888-299-3989
info@lithiumcorporation.com
